In 2024, the number of transactions in the residential property market increased, with 26% more condominiums and 24% more multi-family homes sold than in the previous year. Despite this increase, there were still 32% fewer condominiums and 20% fewer apartment buildings traded compared to the record year of 2021, as shown by the Greix index based on the purchase price collections of the expert committees. The price recovery even slowed in the fourth quarter, particularly for condominiums, where prices fell by 0.1% compared to the third quarter. Although the prices of apartment blocks rose by 5.4%, the low sales figures mean that this is of limited significance. In Hamburg (-0.2 %) and Berlin (-0.3 %), the price curve fell, also compared to the same period of the previous year (-3.7 % and -2.4 % respectively). Prices rose slightly in Leipzig (+0.6%) and Stuttgart (+0.2%), as well as compared to the end of 2023 (+4.4% and +1.5% respectively).

Source: TD